Stockman Asset Management acquired a new position in New Residential Investment Corp. (NYSE:NRZ) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 127,700 shares of the real estate investment trust’s stock, valued at approximately $1,764,000. Stockman Asset Management owned approximately 0.06% of New Residential Investment Corp. at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in New Residential Investment Corp. by 58.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,737 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 3,954 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in New Residential Investment Corp. by 19.8% in the second quarter. Public Employees Retirement System of Ohio now owns 10,857 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 1,798 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in New Residential Investment Corp. during the second quarter worth about $152,000. Dynamic Technology Lab Private Ltd purchased a new position in New Residential Investment Corp. during the second quarter worth about $165,000. Finally, Navellier & Associates Inc purchased a new position in New Residential Investment Corp. during the third quarter worth about $192,000. Hedge funds and other institutional investors own 55.23% of the company’s stock.

Institutional Ownership by Quarter for New Residential Investment Corp. (NYSE:NRZ)

New Residential Investment Corp. (NYSE:NRZ) traded up 0.06% on Friday, reaching $16.03. The company’s stock had a trading volume of 1,281,319 shares. The company has a market capitalization of $4.02 billion, a PE ratio of 9.79 and a beta of 0.97. New Residential Investment Corp. has a one year low of $9.09 and a one year high of $16.43. The firm has a 50-day moving average of $15.88 and a 200-day moving average of $14.42.

New Residential Investment Corp. (NYSE:NRZ) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. New Residential Investment Corp. had a return on equity of 15.13% and a net margin of 38.93%. During the same period in the previous year, the business earned $0.49 EPS. Analysts predict that New Residential Investment Corp. will post $2.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.84 annualized dividend and a dividend yield of 11.48%. New Residential Investment Corp.’s dividend payout ratio (DPR) is 112.20%.

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NRZ has been the subject of a number of research reports. Barclays PLC set a $16.00 price objective on New Residential Investment Corp. and gave the stock a “buy” rating in a report on Saturday, November 19th. TheStreet upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. Zacks Investment Research upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Saturday, November 5th. FBR & Co restated a “buy” rating on shares of New Residential Investment Corp. in a report on Thursday, November 3rd. Finally, Nomura restated a “hold” rating and set a $15.00 target price on shares of New Residential Investment Corp. in a report on Thursday, November 3rd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. New Residential Investment Corp. presently has an average rating of “Buy” and an average price target of $15.88.

In other news, Director Andrew Sloves bought 13,200 shares of New Residential Investment Corp. stock in a transaction dated Friday, November 11th. The shares were purchased at an average cost of $14.22 per share, with a total value of $187,704.00. Following the completion of the acquisition, the director now owns 700 shares of the company’s stock, valued at approximately $9,954. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.

About New Residential Investment Corp.

New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

5 Day Chart for NYSE:NRZ

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